TD Cowen Maintains Buy on Micron Technology, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Karl Ackerman maintains a Buy rating on Micron Technology but lowers the price target from $160 to $115.
September 19, 2024 | 3:48 pm
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NEUTRAL IMPACT
TD Cowen's analyst Karl Ackerman continues to recommend buying Micron Technology stock but has reduced the price target from $160 to $115, indicating a more conservative outlook.
The maintained Buy rating suggests continued confidence in Micron's potential, but the lowered price target reflects a more cautious stance on its near-term valuation. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100